Open Home Dates: Sunday 6 Nov 2:00 p.m. - 2:30 p.m.


Generating instant income with exciting development potential in the underlying land, this property adds up to a superb investment opportunity. Comprising three separate rental units, all currently tenanted, on 1011 sqm of land in a popular city fringe location handy to shops and the CBD, this property will reward the smart investor now and in the future.
The front dwelling is a substantial weatherboard house with four bedrooms, currently renting for $450 pw. Spacious north-west facing living opens to a covered deck and garden area, and there is an additional living or dining space and separate kitchen. At the rear of the property are two attached flats, each with two bedrooms and opening to north-facing outdoor living. One of them has a separate lounge adjacent to the kitchen and a single carport, while the other has open-plan living, a fenced garden and a double garage. The two flats are currently renting at $280 pw each.
Zoning for Christchurch South Intermediate and Cashmere High, and close proximity to amenities, make this a desirable rental location. Don't miss this opportunity to add to your portfolio with an income-generating property that is ripe for development. Contact us today to register your interest.

http://www.propertyfiles.co.nz/property/PI44746